CLOU(CLOU)
AI Look-Through Summary
AI GeneratedThe CLOU ETF presents a concentrated portfolio structure with significant exposure to specific sectors and underlying assets, as evidenced by its top ten holdings accounting for nearly half of the total asset base. Technology serves as the primary sector driver, comprising 23.6% of the fund's weightage, anchored heavily by major constituents like Akamai Technologies and Salesforce, which individually hold substantial positions above 4%. This heavy reliance on a single industry suggests that the fund's performance will be highly correlated with broader technology market movements rather than offering broad diversification across economic sectors.
Geographically and structurally, the portfolio exhibits an unusual tilt toward Real Estate Investment Trusts, represented by Digital Realty Trust at 5.3%, which stands out as the largest non-technology holding among identifiable sector names. The presence of multiple holdings with generic ticker formats indicates a significant allocation to private equity interests or specialized funds that are not immediately transparent in their public classification, adding an layer of opacity to the geographic and industry breakdown. With total assets under management at $0.2 billion, this fund operates on a relatively small scale compared to established broad-market index trackers, implying lower liquidity characteristics typical of niche strategies.
Quantitatively, the concentration risk is pronounced given that the top three identifiable holdings alone represent over 17% of the portfolio value. The sector weights reveal a stark imbalance where Technology and Real Estate dominate while Communication Services remains minimal at just 2.5%, creating a distinct equity profile divergent from standard market indices. Investors examining this vehicle should note that its performance will likely be driven by the specific fortunes of these concentrated positions rather than general market trends, requiring careful assessment of how well this narrow exposure aligns with individual risk tolerance and investment objectives without assuming broader diversification benefits typically found in larger, more balanced funds.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-20 17:21:43.467709+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 25/100The thematic alignment between the ETF's name, which suggests a focus on cloud computing or digital infrastructure, and its actual holdings is notably weak. While technology sector positions like Akamai and Salesforce are present, they represent only a fraction of the portfolio value, with many top ten assets classified as N/A in terms of industry classification. The inclusion of significant real estate exposure through Digital Realty Trust further dilutes any potential focus on pure-play cloud software or services. Additionally, several holdings appear to be broad market ETFs rather than specific thematic stocks, indicating that the fund may rely heavily on general index components to stabilize returns rather than maintaining a strict adherence to its implied investment theme.
Sector coherence presents another challenge regarding the fund's differentiation from broader market indices. Although technology constitutes nearly 24% of the portfolio, this weight is insufficient to define the entire asset allocation given the diverse and unclassified nature of numerous top holdings. The concentration risk in the top ten positions stands at approximately 46%, suggesting a reliance on specific large-cap names that may not inherently share the characteristics associated with cloud computing ecosystems. Consequently, the sector breakdown does not reflect a concentrated thematic strategy but rather appears to be a mix of broad market exposure and limited industry-specific bets, making it difficult to distinguish this vehicle from standard diversified equity funds based solely on its current composition.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 12:01:20.483597+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of CLOU reveals a distinct thematic focus on the technology and real estate sectors, though these represent only 28.9% of the total portfolio weight when combined with communication services at 2.5%. The remaining capital is distributed across other industries not explicitly detailed in this snapshot, suggesting that while technology serves as a primary anchor via its dominant holding Akamai Systems, the fund's actual exposure relies heavily on positions outside these three named sectors. This structure indicates an investment thesis likely centered around specific large-cap growth names or specialized infrastructure plays rather than broad sectoral overweighting within tech alone. The presence of two holdings with ticker formats resembling OTC or private placements further implies a strategy that may include non-exchange-traded securities, adding layers to the fund's underlying asset composition beyond standard public equities.
Concentration risk appears elevated given that the top ten positions account for 46.5% of assets under management, with Akamai alone comprising nearly seven percent and three other major holdings each exceeding five percent. Such a distribution suggests limited diversification relative to broad market indices, where individual stock weights are typically more dispersed. The heavy reliance on just eight technology names combined with significant real estate exposure creates a scenario where performance will be highly sensitive to the fortunes of these specific entities rather than general sector trends. This concentration profile points toward an active selection process targeting idiosyncratic opportunities rather than passive tracking, potentially increasing volatility during periods when these top holdings underperform relative to their peers or broader market averages.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 06:50:15.314341+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share CLOU's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of CLOU's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 29 | 84.8% |
| SCHBSchwab U.S. Broad Market ETF | $37B | — | 29 | 84.8% |
| SCHXSCHX | $61B | — | 16 | 52.9% |
| URTHiShares MSCI World ETF | $7B | — | 16 | 46.8% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 16 | 46.8% |
85% of CLOU's portfolio by weight is also held by ITOT, which commands 386× more assets under management. When ITOT receives inflows, it mechanically buys these shared stocks — dragging CLOU's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofCLOU's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 36% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 36% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside CLOU collectively pay out 21% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 13% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryCLOU is up 10.4% over the last 12 months. The underlying weighted earnings growth of its constituents is +33.6%. Despite earnings growth, valuations have contracted by 23.1% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 36% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of CLOU's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of CLOU's analyzed weight, 27% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 73% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 30% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
CLOU has a Passive Crowding Score of 34/100. On average, 10.1% of the market capitalization of CLOU's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 22 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | AKAM | AKAMAI TECHNOLOGIES, INC. Technology | 6.74% | 50.5x | 5/9 |
| 2 | 25402D102 | DigitalOcean Holdings, Inc. | 5.48% | — | — |
| 3 | DLR | DIGITAL REALTY TRUST, INC. Real Estate | 5.27% | 50.5x | 6/9 |
| 4 | 90138F102 | TWILIO INC. | 4.75% | — | — |
| 5 | 98980L101 | ZOOM COMMUNICATIONS, INC. | 4.50% | — | — |
| 6 | 26210C104 | DROPBOX, INC. | 4.36% | — | — |
| 7 | CRM | SALESFORCE, INC. Technology | 4.07% | 22.1x | 6/9 |
| 8 | 82509L107 | SHOPIFY INC. | 3.87% | — | — |
| 9 | PAYC | PAYCOM SOFTWARE, INC. Technology | 3.84% | 16.1x | 4/9 |
| 10 | 10316T104 | BOX, INC. | 3.66% | — | — |
| 11 | 74275K108 | Procore Technologies Inc | 3.48% | — | — |
| 12 | 98139A105 | WORKIVA INC. | 3.45% | — | — |
| 13 | 443573100 | HUBSPOT, INC. | 3.35% | — | — |
| 14 | 833445109 | SNOWFLAKE INC. | 3.18% | — | — |
| 15 | 74758T303 | Qualys Inc | 3.15% | — | — |
Historical Holdings Snapshots
Browse how CLOU’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 63.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | AKAM | 6.74% | 141,370 | $13.9M |
| 2 | 25402D102 | 5.48% | 201,613 | $11.3M |
| 3 | DLR | 5.27% | 61,287 | $10.9M |
| 4 | 90138F102 | 4.75% | 80,931 | $9.8M |
| 5 | 98980L101 | 4.50% | 125,503 | $9.3M |
| 6 | 26210C104 | 4.36% | 359,843 | $9.0M |
| 7 | CRM | 4.07% | 43,117 | $8.4M |
| 8 | 82509L107 | 3.87% | 66,107 | $8.0M |
| 9 | PAYC | 3.84% | 62,897 | $7.9M |
| 10 | 10316T104 | 3.66% | 320,753 | $7.6M |
| 11 | 74275K108 | 3.48% | 130,408 | $7.2M |
| 12 | 98139A105 | 3.45% | 115,504 | $7.1M |
| 13 | 443573100 | 3.35% | 26,114 | $6.9M |
| 14 | 833445109 | 3.18% | 38,963 | $6.6M |
| 15 | 74758T303 | 3.15% | 70,174 | $6.5M |
2026-05-23
15 holdings · 63.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | AKAM | 6.74% | 141,370 | $13.9M |
| 2 | 25402D102 | 5.48% | 201,613 | $11.3M |
| 3 | DLR | 5.27% | 61,287 | $10.9M |
| 4 | 90138F102 | 4.75% | 80,931 | $9.8M |
| 5 | 98980L101 | 4.50% | 125,503 | $9.3M |
| 6 | 26210C104 | 4.36% | 359,843 | $9.0M |
| 7 | CRM | 4.07% | 43,117 | $8.4M |
| 8 | 82509L107 | 3.87% | 66,107 | $8.0M |
| 9 | PAYC | 3.84% | 62,897 | $7.9M |
| 10 | 10316T104 | 3.66% | 320,753 | $7.6M |
| 11 | 74275K108 | 3.48% | 130,408 | $7.2M |
| 12 | 98139A105 | 3.45% | 115,504 | $7.1M |
| 13 | 443573100 | 3.35% | 26,114 | $6.9M |
| 14 | 833445109 | 3.18% | 38,963 | $6.6M |
| 15 | 74758T303 | 3.15% | 70,174 | $6.5M |
2026-05-22
15 holdings · 63.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | AKAM | 6.74% | 141,370 | $13.9M |
| 2 | 25402D102 | 5.48% | 201,613 | $11.3M |
| 3 | DLR | 5.27% | 61,287 | $10.9M |
| 4 | 90138F102 | 4.75% | 80,931 | $9.8M |
| 5 | 98980L101 | 4.50% | 125,503 | $9.3M |
| 6 | 26210C104 | 4.36% | 359,843 | $9.0M |
| 7 | CRM | 4.07% | 43,117 | $8.4M |
| 8 | 82509L107 | 3.87% | 66,107 | $8.0M |
| 9 | PAYC | 3.84% | 62,897 | $7.9M |
| 10 | 10316T104 | 3.66% | 320,753 | $7.6M |
| 11 | 74275K108 | 3.48% | 130,408 | $7.2M |
| 12 | 98139A105 | 3.45% | 115,504 | $7.1M |
| 13 | 443573100 | 3.35% | 26,114 | $6.9M |
| 14 | 833445109 | 3.18% | 38,963 | $6.6M |
| 15 | 74758T303 | 3.15% | 70,174 | $6.5M |
2026-05-21
15 holdings · 63.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | AKAM | 6.74% | 141,370 | $13.9M |
| 2 | 25402D102 | 5.48% | 201,613 | $11.3M |
| 3 | DLR | 5.27% | 61,287 | $10.9M |
| 4 | 90138F102 | 4.75% | 80,931 | $9.8M |
| 5 | 98980L101 | 4.50% | 125,503 | $9.3M |
| 6 | 26210C104 | 4.36% | 359,843 | $9.0M |
| 7 | CRM | 4.07% | 43,117 | $8.4M |
| 8 | 82509L107 | 3.87% | 66,107 | $8.0M |
| 9 | PAYC | 3.84% | 62,897 | $7.9M |
| 10 | 10316T104 | 3.66% | 320,753 | $7.6M |
| 11 | 74275K108 | 3.48% | 130,408 | $7.2M |
| 12 | 98139A105 | 3.45% | 115,504 | $7.1M |
| 13 | 443573100 | 3.35% | 26,114 | $6.9M |
| 14 | 833445109 | 3.18% | 38,963 | $6.6M |
| 15 | 74758T303 | 3.15% | 70,174 | $6.5M |
2026-05-20
15 holdings · 63.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | AKAM | 6.74% | 141,370 | $13.9M |
| 2 | 25402D102 | 5.48% | 201,613 | $11.3M |
| 3 | DLR | 5.27% | 61,287 | $10.9M |
| 4 | 90138F102 | 4.75% | 80,931 | $9.8M |
| 5 | 98980L101 | 4.50% | 125,503 | $9.3M |
| 6 | 26210C104 | 4.36% | 359,843 | $9.0M |
| 7 | CRM | 4.07% | 43,117 | $8.4M |
| 8 | 82509L107 | 3.87% | 66,107 | $8.0M |
| 9 | PAYC | 3.84% | 62,897 | $7.9M |
| 10 | 10316T104 | 3.66% | 320,753 | $7.6M |
| 11 | 74275K108 | 3.48% | 130,408 | $7.2M |
| 12 | 98139A105 | 3.45% | 115,504 | $7.1M |
| 13 | 443573100 | 3.35% | 26,114 | $6.9M |
| 14 | 833445109 | 3.18% | 38,963 | $6.6M |
| 15 | 74758T303 | 3.15% | 70,174 | $6.5M |
2026-05-19
15 holdings · 63.1% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | AKAM | 6.74% | 141,370 | $13.9M |
| 2 | 25402D102 | 5.48% | 201,613 | $11.3M |
| 3 | DLR | 5.27% | 61,287 | $10.9M |
| 4 | 90138F102 | 4.75% | 80,931 | $9.8M |
| 5 | 98980L101 | 4.50% | 125,503 | $9.3M |
| 6 | 26210C104 | 4.36% | 359,843 | $9.0M |
| 7 | CRM | 4.07% | 43,117 | $8.4M |
| 8 | 82509L107 | 3.87% | 66,107 | $8.0M |
| 9 | PAYC | 3.84% | 62,897 | $7.9M |
| 10 | 10316T104 | 3.66% | 320,753 | $7.6M |
| 11 | 74275K108 | 3.48% | 130,408 | $7.2M |
| 12 | 98139A105 | 3.45% | 115,504 | $7.1M |
| 13 | 443573100 | 3.35% | 26,114 | $6.9M |
| 14 | 833445109 | 3.18% | 38,963 | $6.6M |
| 15 | 74758T303 | 3.15% | 70,174 | $6.5M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove CLOU Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedCLOU is currently trading at $22.67, a price point that requires contextualizing against its Simple Moving Average (SMA) envelope to assess relative value and potential mean-reversion dynamics. Without specific SMA data points provided in the input, the precise distance of this current price from the moving average bands remains undefined, making it impossible to quantify whether the asset is currently stretched toward overbought conditions or oversold territory within its established statistical range. In a typical technical framework, if the price were significantly detached from the upper band, one might anticipate a pullback toward the mean; conversely, deep penetration below the lower band could suggest a bounce scenario. However, since the envelope boundaries are not specified here, any assertion regarding immediate reversion probability would be speculative rather than derived from the available figures. The absence of explicit SMA levels prevents a definitive conclusion on whether $22.67 represents an anomaly or a consolidation zone relative to recent trend history. Technical analysis relies heavily on the relationship between current market price and historical averages to gauge volatility extremes, yet this specific dataset offers only the absolute price level without the necessary comparative metrics to determine position within the trading range. Consequently, while the stock's nominal value is clear, its standing vis-à-vis mean-reversion models cannot be accurately synthesized from the provided information alone. Market participants must await further data regarding the SMA envelope parameters to evaluate if the current pricing structure aligns with expectations for a statistical return toward the average or indicates
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How CLOU’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($206.3M) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.